SPENGA Franchise
To buy a franchise with SPENGA, you'll need to have at least $150000 in liquid capital and a minimum net worth of $350000. SPENGA charges a franchise fee of $49500. They also offer a discount for veterans.
Franchisor Details
Total Units: 8
Year Founded: 2015
Franchising Since: -
Home Office: Omaha, Nebraska
Training: Available
Locations Available: See Below*
Franchise Costs
Liquid Capital Required: $150,000
Net Worth Required: $350,000
Total Investment: $386,000 – $699,000
Franchise Fee: $49,500
Royalty Type: 6%
Vetern Discount: Yes
*SPENGA is currently accepting inquiries from the following locations: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District Of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Massachusetts, Michigan, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, West Virginia, Wisconsin, Wyoming
Values & History
We were founded in 2015 on the belief that strong bodies and minds are created through the power of ride, rep, revive. And when your fitness routine works, life just works too. That's why each SPENGA session boosts endurance, strengthens muscles, and restores bodies through a combination of spin, HIIT training, and yoga. With space dedicated specifically to each element of the workout, invigorating aromatherapy, and energizing DJ-inspired beats, our members' performance and results are maximized.
But that's not all we're about. SPENGA is a community of like-minded individuals all looking to make the most out of their lives and their workouts. Every time our members step into our studio, we guarantee we'll be there cheering them on every ride, rep, and revive of the way. Because when our members are their happiest, healthiest selves—everyone wins.
Industry Performance
There is no shortage of places to work out, but there is nowhere like SPENGA. Created to fill a void in the fitness market, SPENGA is the only studio of its kind. Currently, we have ten locations in the U.S. with an astounding 256 sold and under development!
But why are we so sure of ourselves? Because the boutique fitness industry represents a $47 billion market in the U.S., and gym memberships—especially at boutique-style gyms--are on the rise. Americans are embracing the desire to get fit and healthy and they want to do it in places that are clean, inviting, and tailored to their needs. SPENGA ticks all of these boxes and one more: we offer three types of training—endurance, strength, and flexibility—under one roof. Most boutique concepts offer just one of these, forcing customers to go between locations to get a full workout or to choose between them. Because of SPENGA's innovative model, alongside the booming industry, we are confident that we are here to stay!
Training & Support
SPENGA offers comprehensive support for franchisees, including an extensive initial training program lasting at least 89 hours and comprised of both classroom and on-the-job training. As a franchise owner, you'll also have access to impactful marketing and advertising materials to build awareness of your club and increase membership, an ongoing, state of the art training program for both you and your potential instructors, and much more.
Ideal Candidate & Qualifications
The ideal SPENGA franchisee not only possesses the capital needed to get started, but also the mindset and work ethic to succeed. Franchisees with prior experience in the fitness industry will find that SPENGA is a great first franchise, as well as an excellent way to round out a complete business portfolio. But fitness background is not a requirement. Our most successful franchisees have a business or sales background, excellent management and customer service skills, a drive to succeed, and a passion for health and fitness and helping others meet their personal fitness goals.
Purchasing a SPENGA Franchise
The cost to invest in a SPENGA franchise is comparatively low in the fitness industry. The total initial investment ranges from $386,000 to $699,000, including our $49,500 franchise fee. Potential candidates must have a minimum net worth of $350,000 and at least $150,000 in liquid capital.
